Legal Question in Credit and Debt Law in Florida

S Corp Debt

I have an S Corp and am finding it hard to make ends meet. If I close the doors what responibility will I have to repay the creditors who I owe. The credit cards are in the companies name but I am signed on as the signatory. Can they persue me and come after my house and such? What options do I have?


Asked on 9/29/03, 6:48 pm

1 Answer from Attorneys
David Slater David P. Slater, Esq.

Re: S Corp Debt

If you signed as officer and did not agree to guarantee the payment personally when you took out the card you are ok.

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Answered on 9/29/03, 7:11 pm


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